MILREIS Meaning and
Definition
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A milreis is a unit of currency that was historically used in several Portuguese-speaking countries, notably Brazil and Portugal. The term "milreis" translates to "thousand reis" in English. The concept of the reis as a currency can be traced back to medieval Portugal, and the milreis emerged in the 19th century when decimalization was introduced.
During the time of its use, a milreis represented 1,000 units of the local currency, which was called the "real." The milreis was further divided into smaller denominations, such as the milreis conto, which equaled 1,000 milreis. The currency symbol used for milreis was either "ℛℳ" or "$".
In both Brazil and Portugal, the milreis played an essential role in the economy and finance systems until the early 20th century. It was used for day-to-day transactions, commercial exchanges, and as a measure of wealth. However, the milreis gradually lost its significance as both countries underwent monetary reforms. In Brazil, the First Brazilian Republic replaced the milreis with the cruzeiro in 1942, while Portugal introduced the escudo in 1911.
Today, the milreis exists as part of the monetary history of Brazil and Portugal. Despite its obsolescence, the term continues to be referenced in financial and historical contexts to represent a unit of currency that was once prevalent in Portuguese-speaking nations.
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A Portuguese coin equal to about 2s. 3d.
Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
Common Misspellings for MILREIS
- milleis
- millreis
- nilreis
- kilreis
- jilreis
- mulreis
- mjlreis
- mklreis
- molreis
- m9lreis
- m8lreis
- mikreis
- mipreis
- mioreis
- mileeis
- mildeis
- milfeis
- milteis
- mil5eis
- mil4eis
Etymology of MILREIS
The word "milreis" has its origins in the Portuguese language. It is a compound word composed of "mil" (meaning "thousand" in Portuguese) and "réis" (the plural form of "real").
The term "real" was the currency of Portugal from the 14th century until the adoption of the Euro in 1999. The name "real" derived from "Rex" or "Regis", the Latin word for "king", and it signified that the currency was authorized by the king.
As the value of the currency increased over time, larger denominations were introduced, and the milreis, meaning one thousand reais, came into existence. The milreis was initially used in Portugal and later became the currency of Brazil during the colonial period. It remained in circulation in Brazil until 1942 when it was replaced by the cruzeiro.
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